Systems and methods for routing debit transactions

US9852407B2 · kind B2 · utility

Assignee

• FIRST DATA CORPORATION · US

Inventors

• Bradley T. Masterson · Valley, US
• George F. Gogol · North Olmsted, US
• Donna Collela · Pompton Lakes, US
• David M. Hulbert · Boynton Beach, US
• Thomas Howe · Rochester, US
• Robert J. Cole · Toronto, CA

Key dates

• Filing date: Aug 31, 2012
• Grant date: Dec 26, 2017
• Expiry date: Feb 23, 2033

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q20/26
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Systems and methods for routing debit transactions. In one embodiment, a method for routing debit transactions can be provided. The method can include obtaining, by a routing determination system comprising one or more computers, information associated with a proposed debit transaction. The method can also include identifying, by the routing determination system based at least in part upon the obtained information, one or more merchant parameters associated with a merchant on whose behalf the proposed debit transaction will be submitted to a transaction processor. Further, the method can include determining, by the routing determination system based at least in part upon the one or more merchant parameters, a debit transaction network for routing the proposed debit transaction to the transaction processor, wherein the debit transaction network is included in a plurality of available debit transaction networks.